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ParadTrade

Comoros|2-5 years|
Retail Forex License|Medium potential risk|Offshore Regulated|

https://en.paradtrade.com/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Israel 4.97

Surpassed 52.30% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+420 488102480
support@paradtrade.com
https://en.paradtrade.com/
Bonovo Road, Fomboni, Comoros Union

Licenses

VPS Standard
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WikiFX Risk Alerts
Previous Detection : 2024-11-23
  • The Comoros MISA regulation with license number: BFX2024133 is an offshore regulation. Please be aware of the risk!

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ParadTrade · WikiFX Survey

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ParadTrade · Company Summary

Company NameParadTrade
Founded2019
HeadquartersPrague
RegulationsMwali International Services Authority (MISA)
Tradable AssetsForex, Stocks, Cryptocurrency, Commodities, Indexes
Account TypesOne simplified account type
Minimum Deposit$5
Maximum Leverage1:1000
Spreads0.3 pips per trade in Forex
CommissionVaries (0.1% for cryptocurrency trading)
Deposit MethodsCredit card, bank wire, eWallets, cryptocurrency
Trading PlatformsParadTrade Web Platform, ParadTrade Mobile
Customer SupportPhone, Email
Education ResourcesGlossary, Usage Video Course
Bonus OfferingsDeposit Bonus, Invite a Friend

ParadTrade Information

ParadTrade, founded in 2019 and headquartered in Prague, provides opportunities to trade various tradable assets encompassing forex, stocks, cryptocurrencies, commodities, and indices. With a low $5 minimum deposit and up to 1:1000 leverage, ParadTrade makes trading products accessible to a broad spectrum of traders.

To enhance the trading experience, ParadTrade provides MT4, web, and mobile platforms. Comprehensive customer support, educational resources, and bonus incentives complement the core trading offerings.

ParadTrade Information

Is ParadTrade Legit?

ParadTrade is regulated in Comoros, and authorized by the Mwali International Services Authority (MISA) under license no. BFX2024133.

Is ParadTrade Legit?

Pros and Cons

On the positive side, it offers a simplified account structure, allowing traders to focus on their investments without the complexity of multiple account types. It provides access to a diverse range of tradable assets, including Forex, stocks, cryptocurrencies, commodities, and indexes. The availability of a high maximum leverage of 1:1000 can be appealing to traders seeking amplified positions.

Furthermore, ParadTrade offers educational resources and bonus opportunities. However, the absence of regulation can raise concerns about fund security and transparency, potentially limiting options for dispute resolution.

ProsCons
Simplified AccountsLimited Dispute Resolution Options
Diverse Tradable AssetsPotential Fund Security Concerns
High Maximum Leverage
Bonus Opportunities

Trading Instruments

ParadTrade offers a diverse range of tradable products across various international financial markets, including:

  • Forex: Trade major and minor currency pairs.
  • Stocks: Invest in a wide selection of global equities.
  • Commodities: Access markets for essential raw materials and commodities.
  • Cryptocurrency: Trade popular digital currencies with competitive conditions.
Trading Instruments

Account Types

ParadTrade offers 6 variety of account types.

The Demo Account is ideal for beginners, featuring $10,000 in virtual funds, no minimum deposit, leverage of 1:500, and spreads from 0.00003 pips, with no commissions and a stop-out level of 25%.

The Standard Account is the most popular option, requiring just a $5 minimum deposit and providing similar conditions.

For competitive pricing, the Interbank Account demands a $5,000 minimum deposit, offers leverage of 1:200, spreads from 0.0 pips, and a commission of 0.3 pips.

For experienced traders, the ECNParad Account allows scalping with a $3,000 minimum deposit, leverage of 1:1000, spreads from 0.0 pips, and a commission of 0.6 pips. The FixedParad Account provides fixed spreads for stability, requiring a $3,000 minimum deposit and offering leverage of 1:1000 with spreads starting from 0.0001 pips and no commissions.

Finally, the CryptoParad Account is tailored for cryptocurrency trading, needing a $5,000 minimum deposit, with leverage of 1:200, spreads from 0.0001 pips, and a commission of 0.3 pips.

 Account Types

Leverage

ParadTrade provides traders with the flexibility to choose their desired leverage levels. The maximum leverage available at ParadTrade is 1:1000. Leverage is a powerful tool that allows traders to control larger positions in the market with a relatively smaller amount of capital.

BrokerParadTradeIGTickmillRoboForex
Maximum Leverage1:10001:2001:5001:2000

Spreads and Commissions (Trading Fees)

The Demo and Standard Accounts are ideal for beginners, featuring competitive spreads starting from 0.00003 pips with no commissions.

For those seeking more competitive pricing, the Interbank Account provides spreads from 0.0 pips, accompanied by a commission of 0.3 pips. The ECNParad Account, designed for experienced scalpers, also offers spreads from 0.0 pips but with a higher commission of 0.6 pips.

In contrast, the FixedParad Account provides stability with fixed spreads starting at 0.0001 pips and no commission.

Finally, the CryptoParad Account is specifically for cryptocurrency trading, featuring spreads from 0.0001 pips and a commission of 0.3 pips.

Account TypeSpreadCommission
Demo AccountFrom 0.00003 pipsNone
Standard AccountFrom 0.00003 pipsNone
Interbank AccountFrom 0.0 pips0.3 pips
ECNParad AccountFrom 0.0 pips0.6 pips
FixedParad AccountFrom 0.0001 pips (fixed)None
CryptoParad AccountFrom 0.0001 pips0.3 pips

Deposit & Withdraw Methods

ParadTrade offers a range of convenient methods for both depositing and withdrawing funds from your trading account. These methods include credit card payments, bank wire transfers, eWallets, and cryptocurrency transactions. The minimum deposit is $5.

Trading Platforms

The ParadTrade web platform offers an intuitive interface, ensuring a seamless experience across popular browsers like Chrome, Opera, and Mozilla Firefox. Designed for ease of use, it allows traders to manage trades and analyze market data efficiently.

Trading Platforms

Bonus

ParadTrade offers enticing bonuses to its clients, providing them with added value and opportunities to boost their trading capital.

Deposit Bonus: Clients of ParadTrade have the chance to benefit from deposit bonuses. As per the terms of this promotion, clients can receive a bonus credited to their trading account for each deposit they make. Here's how it works: Upon opening a trading account, clients can replenish their account multiple times. For example, if they deposit $500, they receive a 25% bonus, which amounts to $125.

Initial Deposit RangeBonus Percentage
$500 - $99925%
$1,000 - $4,99950%
$5,000 - $9,99975%
Over $10,000100%

Invite a Friend: ParadTrade also offers clients the opportunity to earn rewards without actively trading. Clients can invite friends and acquaintances to join ParadTrade through various means, such as social networks, personal blogs, or direct referrals. For every new client referred, the existing client can receive up to 15% of the amount of their friend's first deposit as a commission.

Bonus

Customer Support

Traders can reach out to the support team via phone at +420488102480 during business hours. For written inquiries and assistance, traders can email support@paradtrade.com, and the support team will respond to their queries promptly. Customer support is available from Monday to Friday, providing assistance from 9:00 AM to 7:00 PM.

FAQs

What is the minimum deposit required to open an account with ParadTrade?

The minimum deposit to open an account with ParadTrade is $5.

How can I contact ParadTrade's customer support?

You can reach ParadTrade's customer support via phone at +420488102480 during business hours or by emailing support@paradtrade.com.

Does ParadTrade offer bonuses?

Yes, ParadTrade provides bonus opportunities, including a deposit bonus and a referral program for clients.

Broker Information

Company Name

Paradice trade LTD

Abbreviation

ParadTrade

Regulatory Status

Offshore Regulated

Platform registered country and region

Comoros

Company website
Type of License

Description of Approved License Type

Type I

The financial instrument business deals with highly liquid securities and provides derivative transactions, which have characteristics.

As mentioned above, the main business content of the first type of financial instrument business operators can be roughly summarized as securities business (securities, securities CFD, etc.), financial futures business (FX), derivative trading business related to cryptocurrencies, securities management, etc. The work can be divided into four categories.

Type II

The financial instrument business basically refers to funds (shares of collective investment plans), trust beneficiary rights with lower liquidity, that is, financial instrument transactions excluding major securities such as stocks and corporate bonds. These are referred to as "equivalent securities" in the various items listed in the second paragraph of Article 2 of this Sale Business Law (hereinafter referred to as "equivalent securities").

In addition, the self-issuance (private placement and public offering) of certain securities such as investment trust beneficiary rights that are not regarded as securities, currency-related market derivative transactions, etc. are also positioned as Type II financial instrument business.

Phone of the company
  • +420 488102480

  • +44 (203) 82-68-860

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Company address
  • Bonovo Road, Fomboni, Comoros Union

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Customer Service Email Address
  • support@paradtrade.com

Company Summary

Review 5

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